The Distance Plus partnership has the following capital balances at the beginning of the current year: Tiger (4ex of profits and losses) Phil (20%) Ernie (40%) $ 95,000 65, eee se, eee Each of the following questions should be viewed independently. a. If Sergio invests $120,000 in cash in the business for a 30 percent interest, what journal entry is recorded? Assume that the bonus method is used b. If Sergio invests $90.000 in cash in the business for a 30 percent interest, what journal entry is recorded? Assume that the bonus method is used c. If Sergio invests $108,000 in cash in the business for a 30 percent interest, what journal entry is recorded? Assume that the goodwill method is used